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4803 Future Rd NE, 
Salem, OR 97305

$715,000


Bed


Bath


3,790

Sq Ft


Multi-Family

Active

Listed by

Emily Everhart, CELL: 971-237-9498

Harcourts Elite

503-314-1651

Last updated:

May 14, 2026, 02:38 PM

MLS#

828178

Source:

OR WVMLS

About This Home

4803 Future Rd NE

Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Excellent turnkey investment opportunity featuring four fully occupied 2-bedroom, 1-bath units with dependable tenants and a proven rent history. Two units have been recently renovated, and the property includes a new well installed in 2022 and a new perimeter fence, reducing maintenance costs and increasing long-term value.This property delivers consistent income with a gross annual rent of approximately $62,000 and a net operating income (NOI) of $48,217 based on current leases. At market rents, projected gross income increases to $69,600 annually, offering immediate upside potential. With low operating expenses, no management fees, and strong local rental demand, this is an ideal addition to any investment portfolio in the Salem area. Don’t miss this high-performing multifamily asset—contact for full financials and rent history today.

Home Facts

Multi-Family

Built in 1970

Price Summary

715,000

$188 per Sq. Ft.

MLS #:

828178

Last Updated:

May 14, 2026, 02:38 PM

Added:

a year ago


Rooms & Interior

Interior

Living Area:

3,790 Sq. Ft.


Structure

Structure

Building Area:

3,790 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):

18,730


Finances & Disclosures

Finances

Price:

$715,000

Price per Sq. Ft:

$188 per Sq. Ft.

MLS Logo
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.